2024 BAM to MXN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BAM to MXN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BAM to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 6, valuing the pair at 11.3469. Conversely, the yearly low was recorded on April 11, dropping to 9.0309.
This high-to-low spread represents a total annual volatility of 2.3160 MXN. From a start-to-finish perspective, comparing the January average rate of 9.5188 to the December average rate of 10.8527, the exchange rate registered a net change of 14.01% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 11.3469 was up 6.62% compared to the 2023 peak of 10.6424, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BAM based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BAM to MXN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 9.4650, compared to 10.8045 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3395 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 0.8964 MXN (High: 10.3200 / Low: 9.4236). On the other end, February was the most stable month, with a tight range of 0.1800 MXN (High: 9.5315 / Low: 9.3514).
Growth Streaks & Declines
TrendsBetween April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1972 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 11.1340) against the same month in 2023 (average: 9.4585), the exchange rate shifted by +1.6755 (+17.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.6215 | 9.4207 | 9.5188 |
| February | 9.5315 | 9.3514 | 9.4359 |
| March | 9.4437 | 9.1345 | 9.3191 |
| April | 9.4335 | 9.0309 | 9.2254 |
| May | 9.4448 | 9.1925 | 9.2822 |
| June | 10.3200 | 9.4236 | 10.0086 |
| July | 10.3935 | 9.7931 | 10.0444 |
| August | 11.2995 | 10.4490 | 10.7826 |
| September | 11.3469 | 10.8494 | 11.1340 |
| October | 11.1513 | 10.7722 | 10.9634 |
| November | 11.2847 | 10.8450 | 11.0499 |
| December | 11.1071 | 10.6549 | 10.8527 |